07-02-2021 11:29 AM | Source: HDFC Securities Ltd
Technical Stock Pick Buy Route Mobile Ltd For Target Rs. 2190 - HDFC Securities
News By Tags | #2034 #6392 #276 #3050

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Technical Stock Pick Buy Route Mobile Ltd For Target Rs. 2190 HDFC Securities 

TECHNICAL OBSERVATIONS

Symmetrical Triangle Breakout on the daily chart

Stock has surpassed the previous swing high resistance on the daily charts

Volumes during the breakout has been significantly higher than average volume of last one month Primary trend of the stock has been bullish, as stock has been forming higher tops and higher bottoms

Short term moving averages are trading above medium to long term moving averages

Stock has been finding support on its 50 days EMA

Indicators and Oscillators setup has been bullish on short term and medium term charts

Buy Route Mobile Ltd Up to 3 months  @ Average Level 1750 CMP 1825.60 TGT  2190 SL 1680

 

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